FastBull BrokersView
Sign In
Unregulated
Save

Olymp Trade

Operating status: Unregulated
Website: https://olymptrade.com
High-Risk Active
Broker violations and abnormal records
  • Apr 29, 2021 BrokersView has reviewed that Olymp Trade is an unregulated forex broker
    Olymp Trade claims to be a member of the international Financial Commission (FinaCom). But FinaCom is only a self-regulatory agency which is used by scam brokers to mislead traders about their regulatory status, not a supervisor.
    Olymp Trade claims to be a member of the international Financial Commission (FinaCom). But FinaCom is only a self-regulatory agency which is used by scam brokers to mislead traders about their regulatory status, not a supervisor.
  • Jun 20, 2024 The CySEC releases a warning about Olymp Trade

    On 21 Jun, 2024, the Cyprus Securities and Exchange Commission (CySEC) warned consumers about the services offered by the company Olymp Trade, which is offering financial and investment services without the required authorization. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=b119d5c1-2ea3-4501-b70e-ce36990d0712

    On 21 Jun, 2024, the Cyprus Securities and Exchange Commission (CySEC) warned consumers about the services offered by the company Olymp Trade, which is offering financial and investment services without the required authorization. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=b119d5c1-2ea3-4501-b70e-ce36990d0712

Related Complaints

Q&A Complaints

apakah olymp trade aman?

Ponnu
Indonesia
Aug 12, 2024
ANSWER Dear Investor,We strongly suggest you avoid using Olymp Trade, a broker presenting substantial risks.The broker's claims of being licensed by the Vanuatu Financial Services Commission (VFSC) and registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) cannot be fully trusted, as there is no solid evidence supporting that it is really operating under these licenses. Even if Olymp Trade did have these licenses, it is still not recommended, as both VFSC and SVG FSA are not considered top-tier regulators. These jurisdictions are known for their lax regulatory environments.Additionally, many investors have shared their unpleasant experiences with Olymp Trade and accused it of being a scam. This is a significant warning sign.We advise you to steer clear of Olymp Trade. It is critical to do thorough research before committing real money.
See more

2 comments

Nattaphum Hongkaew
This broker has become more than just a company that gave me access to the financial markets. Thanks to this company, I got a hobby that brings me income.So far it is not a big income, but nevertheless, I am glad that I can do what I like and get money at the same time.I opened a trading account here quite some time ago. And since then, I have not even thought that the trading conditions here are not suitable for me.I concentrated on trading. And as far as I think I succeeded in this activity.
May 26, 2023
Reply
Pran Abhijeet
Nice one to try trading. Platform is very easy to master and operate so it can be used by both experienced traders and newbies. Number of available to trade assets is pretty impressive and suppport service is just very friendly and speaks several languages.
May 13, 2023
Reply
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.